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Ecopetrol ADR Representing 20 Ord Shs V.EC


Primary Symbol: EC

Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company's segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company's Exploration and Production segment includes exploration, development and production activities in Colombia and abroad. The Company's Transportation and Logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. The Company's main crude oil pipeline systems' operating capacity is approximately 1.34 million barrels per day (BPD). The Company's main refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a subsidiary of the Company. The Company also owns and operates two other minor refineries: Orito and Apiay.


NYSE:EC - Post by User

Comment by jvtayon Feb 23, 2010 4:19pm
421 Views
Post# 16812277

RE: Looking forward to.....

RE: Looking forward to.....What would be sweet IMO would be not having to sell Condor just yet...IMO it's worth a lot more than $9M.  Instead i'd rather see a PP up around $4...2.5M shares gets us $10...prove up Fruta's twin sis Zarza, then perhaps option out Condor on a 50/50 to perhaps 70/30 basis.  We could then also start exploring and proving up V de T, and if Zarza is the pot o' gold we think it is, then perhaps option that out as well.   Then we're not a one-pony show, and that would also increase our value to someone like Kinross...and perhaps bring in other bidders (not that Zarza all by herself wouldn't be a prize fit for a king).   It would also leave open the option to simply sell Zarza and continue exploring and proving up our other assets.   I don't think Kinross cares much nor gives much value to our Brazil properties / assets.   But they have significant value.   Fun to think of all the possibilities, and it will be nice, once we have confirmation that Zarza IS indeed Fruta's twin sister, to discuss this with mgmt at the next SHM...fun indeed :)

It would and will certainly be nice to know exactly when we should expect to start seeing revenues from Brazil...or just hearing confirmation that all is in order and proceeding according to plans.

Nice consolidation today...lots of accumulation among the selling and takedowns...jt

$^)
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